$30.00 chart of accounts
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Word document of 1,000 words, and embedded Excel spreadsheet
Develop a corporation chart of accounts, taking into consideration the following:
- Capital structure (debtand or equity)
- Employees with associatedpayrollaccounts
- Tangible plant assets with associated depreciation accounts
There should be a minimum of 4 employees and at least 3 tangible assets. The corporation is a merchandising operation, so you will need to consider the necessary accounts.
Develop the first month’s transactions. Prepare the first month’s journal entries based on your chart of accounts. You will need to determine and explain your choice of depreciation method, choice of debt structure, and consider the rates of pay for the employees.
In your narrative, discuss how ethics is related to a company having a chart of accounts. What kinds ofinternal controlsmight be helpful in your particular company? List a minimum of 3 internal controls
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- Posted on Jun. 20, 2012 at 07:15:11AM
Chart of accounts.docx (28K) (Preview)
Journal entries.xlsx (17K)